NOP/Interest Charges Ratio Sample Clauses

NOP/Interest Charges Ratio. At any time permit the NOP/Interest Charges Ratio to be less than 2.5 to 1.0.
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NOP/Interest Charges Ratio. The Company will not at any time permit the NOP/Interest Charges Ratio to be less than: (a) for the period from January 31, 1999 through May 1, 1999, 1.65 to 1.0; (b) for the period from May 2, 1999 through July 31, 1999, 1.75 to 1.0; (c) for the period from August 1, 1999 through October 30, 1999 2.0 to 1.0 and (d) at any time thereafter, 2.25 to 1.0." (d) The Pricing Schedule is hereby amended in its entirety to read as follows: "PRICING SCHEDULE Each of the 'Applicable Margin,' 'Commitment Fee Rate' and 'Facility Fee Rate' means, for any day, the per annum rates set forth below in the column under such term and in the row corresponding to the 'Debt to Capital Ratio' that exists on such day; provided that until the Company maintains the NOP/Interest Charges Ratio at 2.25 to 1.0 or greater, the 'Applicable Margin,' 'Commitment Fee Rate,' and 'Facility Fee Rate' shall be no less than the per annum rate set forth below in the column under such term and in the row corresponding to the 'Debt to Capital Ratio' in the range of 0.45 to < 0.50. Debt to Capital Applicable Margin for Commitment Fee Facility Fee Rate Ratio Eurodollar Loans Rate < 0.30 0.175% 0.000% 0.175% > 0.30 but < or = 0.35 0.275% 0.000% 0.175% > 0.35 but < or = 0.40 0.375% 0.025% 0.20 % > 0.40 but < or = 0.45 0.40 % 0.05 % 0.20 % > 0.45 but < or = 0.50 0.45 % 0.050% 0.25 % > 0.50 0.625% 0.050% 0.30 %"
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NOP/Interest Charges Ratio. The Company will not at any time permit the NOP/Interest Charges Ratio to be less than 2.25 to 1.0." (c) The first paragraph of the Pricing Schedule is hereby amended in its entirety to read as follows: "Each of the 'Applicable Margin,' 'Commitment Fee Rate' and 'Facility Fee Rate' means, for any day, the per annum rates set forth below in the column under such term and in the row corresponding to the 'Debt to Capital Ratio' that exists on such day; provided that for each day after the first quarter of the Company's fiscal year ending January 30, 1999 on which the NOP/Interest Charges Ratio is less than 2.5 to 1, the Facility Fee Rate shall increase by 0.01%."
Sample 1Sample 2
NOP/Interest Charges Ratio. The Company will not at any time permit the NOP/Interest Charges Ratio to be less than (a) 1.75 to 1.0 for the period from January 31, 1998 through January 30, 1999 and (b) 2.5 to 1.0 thereafter." (e) The Pricing Schedule is hereby amended in its entirety to read as follows:
Sample 1Sample 2
NOP/Interest Charges Ratio. At any time permit the NOP/ Interest Charges Ratio to be less than 2.25 to 1.0; provided, however, that for purposes of computing the NOP/Interest Charges Ratio for the respective fiscal quarters ending August 1, 1998, and October 31, 1998, only, the NOP/Interest Charges Ratio shall be measured not on a four (4) consecutive fiscal quarter basis as provided for in the definition of the term NOP/Interest Charges Ratio, but rather on the basis of the period elapsed in fiscal year 1998 (e.g., the ratio for the second quarter of 1998 shall compare Net Operating Profit for the first two quarters of fiscal year 1998 to Interest Expense for the same period, and the ratio for the third quarter of shall compare Net Operating Profit for the first three quarters of fiscal year 1998 to Interest Expense for the same period)." For periods prior to the second fiscal quarter of 1998, the NOP/Interest Charges Ratio shall be determined based on the provisions of the Guarantee (as heretofore amended) without regard to the foregoing restatement of Section 8(e). In consideration of the modification set out above with respect to Section 8(e) of the Guarantee, simultaneously herewith Guarantor shall pay to Agent, on behalf of itself as a Purchaser and Instrument Holder and the other Purchasers and Instrument Holders, a fee in the amount of 5.0 basis points (.05%) times the aggregate outstanding balance of the Instruments held by each such Instrument Holder plus, in the case of Agent and each Purchaser, 5.0 basis points (.05%) times the aggregate unfunded amount of such Purchaser's Commitment. 2. The Guarantee currently provides for written notice by Lessor or Agent to Guarantor, and opportunity to cure, in the event of certain defaults under the Guarantee. Lxxxxx and Guarantor hereby agree, with the consent of Agent, to modify such requirements and certain other provisions of the Guarantee as follows: (a) Clause (iv) of Section 7(d) of the Guarantee is hereby amended in its entirety to be and read as follows:
Sample 1
NOP/Interest Charges Ratio. The Company will not at any time permit the NOP/Interest Charges Ratio to be less than: (a) 1.65 to 1.0, for the period from January 30, 1999 through April 30, 1999; (b) 1.75 to 1.0, for the period from May 1, 1999 through October 29, 1999; (c) 2.0 to 1.0, for the period from October 30, 1999 through January 28, 2000; and (d) 2.50 to 1.0, at any time thereafter." (c) The Pricing Schedule is hereby amended in its entirety to read as follows: "PRICING SCHEDULE Each of the 'Applicable Margin,' 'Commitment Fee Rate' and 'Facility Fee Rate' means, for any day, the per annum rates set forth below in the column under such term and in the row corresponding to the 'Debt to Capital Ratio' that exists on such day; provided that until the Company maintains the NOP/Interest Charges Ratio at 2.25 to 1.0 or greater, the 'Applicable Margin,' 'Commitment Fee Rate,' and 'Facility Fee Rate' shall be no less than the per annum rate set forth below in the column under such term and in the row corresponding to the 'Debt to Capital Ratio' in the range of 0.45 to < or = 0.50; provided further that, if the Company's long term debt rating from either Standard & Poor's or Mxxxx'x Investors Service, Inc. falls below investment grade, the Applicable Margin for each of the tiers set forth below shall be increased by an additional 0.25% until the Company's ratings from both Standard & Poor's or Mxxxx'x Investors Service, Inc. are investment grade. The aforesaid increase in the percentages set forth below shall be effective as of the date on which it is first announced by the applicable rating agency that the Company's rating has fallen below investment grade. Debt to Applicable Commitment Facility Capital Margin for Fee Rate Fee Rate Ratio Eurodollar Loans <0.40 0.425% 0.025% 0.20 % >0.40 but < or = 0.45 0.50% 0.05% 0.25% 0.45 but < or = 0.50 0.70% 0.05% 0.30% 0.50 but < or = 0.55 0.90% 0.05% 0.35% > 0.55 1.10% 0.05% 0.40%
Sample 1

Related to NOP/Interest Charges Ratio

  • Interest Charges We calculate a Daily Balance for your Account. We maintain separate balances for your Purchases, Cash Advances and special promotional balances (each, a “Balance Type”) and calculate a Daily Balance for each. To determine the Daily Balance for a Balance Type, each day we take the beginning balance for the Balance Type, add any new charges included in that Balance Type, and subtract any payments and credits applied to that Balance Type. We then multiply the resulting balance by the applicable Daily Periodic Rate. The resulting daily Interest Charge is included in the beginning balance of that Balance Type for the next day. Purchases and Cash Advances are included in the Daily Balance as of the later of the transaction date or the first day of the billing period in which the Purchase or Cash Advance is posted to the Account. Cash Advance Fees are included in the Daily Balance of Cash Advances, and all other fees are included in the Daily Balance of Purchases, when posted to the Account. We figure the Interest Charge on your Account for each Balance Type by multiplying your Daily Balance of each Balance Type by the applicable Daily Periodic rate for each day in the billing cycle. At the end of the billing period, we will add up the daily Interest Charges on all Balance Types for each day in the billing period to get the total Interest Charge for the billing period. Interest Charges begin to accrue on Purchases as of the day the Purchase is included in the Daily Balance. However, if you paid the New Balance that was shown on your previous billing statement by the Payment Due Date on that statement, then (1) we will not impose Interest Charges on Purchases during your current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement, and (2) we will credit any payment (to the extent the payment is applied toward Purchases) as of the first day in your current billing period if you make a payment by the Payment Due Date that is less than the current billing period’s New Balance. If a New Balance was shown on your previous billing statement and you did not pay the New Balance by the Payment Due Date on that statement, then we will not impose Interest Charges on any Purchases during the current billing period if you pay the New Balance shown on your current billing statement by the Payment Due Date on that statement. There is no time period in which you may repay a Cash Advance and avoid imposition of Interest Charges. We may be required to apply your payments to certain balances first. This may impact Interest Charges on Purchases. If you do not pay your New Balance in full each month, then, depending on the balance to which we apply your payment, your new Purchases may be subject to interest. .•MINIMUM CHARGE FOR BILLING PERIOD — For any billing period in which an Interest Charge is imposed on your Account, there is a minimum interest charge of $1.00.

  • Minimum Interest Charge If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Fixed Charges Coverage Ratio The Company will not permit the Consolidated Fixed Charge Coverage Ratio to be less than 2.00 to 1.00.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Interest Expense For any period with respect to Parent Borrower and its Subsidiaries, without duplication, (a) interest (whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under a construction loan, together with the interest portion of payments actually payable on Capitalized Leases, plus (b) Parent Borrower’s and its respective Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00.

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